Sentences with phrase «time lump sum payout»

They now offer a variety of options, such as monthly instead of a one - time lump sum payout option to increase sum assured, premium waiver in case of critical illness or total and permanent disability, and cover for whole life.

You can choose the plan with one time lump sum payout, or one time plus annual payouts.

This unique step - by - step process combines protection, development, selling and licensing strategies, finding and contacting companies, and simple negotiating methods to collect royalties or a one - time lump sum payout.

Policyholders are usually provided with one - time lump sum payouts once they are diagnosed with any of the critical illness mentioned in the policy.

Not exact matches

Distribution — The payout phase of an annuity comes when the accumulated value is distributed — either via a lump sum or a series of payments over time.

The payouts from an annuity contract can be made as one lump sum or as a series of payouts over time based on your needs.

Government employees often are compensated for unused vacation time in lump - sum payouts.

But keeping the time value of money in mind, insurance companies charge lesser premium for such a plan compared to the lump - sum payout term insurance plan, for a specific Sum Assured.

As is obvious from its name, a lump - sum claim payout term insurance plan provides the nominee with a lump - sum, i.e. a one - time complete payout.

While most lump - sum payout plans have a fixed Sum Assured benefit, some may offer higher or lower benefit depending on the time of death.

In most cases, the beneficiary of the life insurance plan is going to receive the payout in a lump - sum, which means that they are going to get all of that money at one time.

Distribution — The payout phase of an annuity comes when the accumulated value is distributed — either via a lump sum or a series of payments over time.

The policyholder receives a lump sum amount of six times the annual premium at the end of the payout period.

Typically, such critical illness insurance plans not only provide the lump sum payout on detection of the disease but also provide additional benefits such as provision of regular income a for a period of time, and waiving off the requirement to pay premium for the health insurance plan.

Extra Life Income Option: An extension to the income option, benefits include lump - sum payout in case of death due to accident & regular monthly income (level or increasing) chosen at the time of inception.

Another endorsement — the Income Protection Option (IPO)-- will allow the policy owner to choose a specific form of payout for the policy's death benefit, including either a lump sum at various times or monthly payments to the beneficiary, at the time of policy issue.

Lumpsum: When one opts for lump sum payout option, the nominee receives the death benefit as lump sum one - time pay.

Which means, in the unforeseen circumstance of parent's death, the child is not obligated to pay future premiums, gets the lump sum assured, and another payout at the time of maturity of the plan.

Lump - sum: When one opts for lump sum payout option, the nominee receives the death benefit as lump sum one - time Lump - sum: When one opts for lump sum payout option, the nominee receives the death benefit as lump sum one - time lump sum payout option, the nominee receives the death benefit as lump sum one - time lump sum one - time pay.

The policyholder can avail the payouts in lump sum any time during the payout period discounted @ 9 %

In Unit Linked Polices instead of taking a lump sum amount at maturity, some plans provide policyholders with the option to receive the Maturity Benefits as a structured payout (periodic instalments) over a period of time (say, 5 years or any time up to 5 years) after maturity.

When you opt for a combination of payout under the income replacement term insurance plan, the nominee receives a part of a sum assured as a lump sum payout at the time of claim, and the rest of the money is paid in monthly installments.

To make this option more enticing to policyholders, some life insurance companies will offer a discount to clients that opt for an annuitized payout, rather than a one - time lump sum.

If you want to receive the outstanding maturity benefit as a lump sum at any time during the payout period, the discounted value @ 9 % per annum discount rate is payable.

These payouts could serve as a second income and also help in paying his child's school expenses.The lump sum amount that he will receive at the end of the 20th year could be used for his daughter's higher education expenses.In case of the unfortunate event of his death before the maturity of the policy, his family will get higher of 100 % of Sum Assured or 105 % of the Premiums paid or 11 times the Annualised Base Premium.

This type of payout option allows the nominees to receive the portion of claim benefit as a lump sum and the remaining amount as installments in the form of a monthly or yearly income for a specified period of time depending upon the plan conditions.

Under a settlement option, the maturity amount entitled to a life insurance policyholder is paid in structured periodic installments (up to a certain stipulated period of time post maturity) instead of a «lump - sum» payout.

Depending on the amount of the insurance policy the payout options should be either lump sum, annuitized, fixed monthly payments for a period of time, or left with the insurance company in an interest bearing account with check writing privileges.

A divorcing couple may also decide that one spouse will buy out the other over time, with an agreement that gradual payouts or a lump sum payment will be made at specific intervals.